Penang's Economic Performance

January 2017 STATISTICS
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Penang’s GDP and GDP per capita have been growing by 5.7% and 6% respectively over the last five years. Since 2010, Penang outperformed Malaysia in economic growth. The manufacturing and service sectors have been the main contributors to Penang’s GDP over the past five years. In 2015 the service sector accounted for 49.1% of GDP, while 44.7% was from the manufacturing sector (Tables 1 and 2).TradeThe total volume of external trade for Penang has increased by 4.18% (compound annual growth...

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